Stronger U.S. Dollar Index Halts Stock Market Indexes

Monday’s are notoriously a light volume trading session which usually favors the upside action in the major stock indexes. This morning the trading volume is extremely light as the SPDR S&P 500 Trust (NYSE:SPY) is trading just 29 million shares as of 10:28 am EST. Normally, light volume will often help to lift the major stock indexes, however, the U.S. Dollar Index is also trading higher by 0.34 cents to $75.07 per contract. When the dollar trades higher the major stock market indexes will usually deflate and trade lower. That is exactly the case this morning, as the Dow Jones Industrial Average, S&P 500 Index, and the NASDAQ Composite, are all trading slightly lower this morning.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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